DeFi’s total value locked, a key metric for programmable blockchains, is on the rise in the second layer solutions market, which is dominated by Ethereum. In spite of a lacklustre market, the net TVL of the 30 most popular platforms has increased by 32% over the past four months. The
After another flash loan exploit on its platform, the decentralized finance (DeFi) protocol Platypus lost almost $2 million in assets. As a defense mechanism, the protocol froze all of its pools over the assault. CertiK, a blockchain security platform, reports that $2.23 million were stolen in three separate assaults on
The decentralized finance (DeFi) market has been very active over the last week. And much of the momentum can be attributed to Coinbase’s Layer-2 network Base. L2Beat reports that the Base network’s Total Value Locked (TVL) increased by 25.15 percent, in the previous week, to a total of $556 million.
In a recent announcement, Stars Arena, Friend Tech’s Avalanche-based competitor, revealed a protocol attack that led to the loss of 266,103 AVAX tokens, or almost $2.88 million. Concerns regarding the security of smart contracts and the larger blockchain ecosystem have been raised. As a result of this shocking disclosure. Stars
Defunct Voyager Digital is at the center of the newest dispute. Stephen Ehrlich, Voyager Digital’s co-founder, has come under scrutiny after an inquiry by the Commodity Futures Trading Commission (CFTC). Most notably, a major US regulator has concluded that the co-founder of Voyager Digital Ltd. broke derivatives laws prior to
Lacking commercial demand and facing worldwide regulatory challenges, Yield Protocol, a decentralized finance (DeFi) lending protocol, has stated its intention to shut down before the end of the year. We’ve made the tough decision to wind down the Yield Protocol. The March 2024 fixed rate series will not be launched.
The ApeX Bot, a inaugural L2 DEX Telegram (TG) bot focusing on derivatives trading inside a decentralized framework, was released by the leading crypto derivatives DEX, ApeX Protocol, marking a major milestone. Its novel Bot Key solution, created internally by the ApeX team, is its most distinctive feature. Innovative technology acts as a
The CFTC is putting a lot of effort into decentralized finance (DeFi). CFTC Chair Rostin Behnam has made it clear that aggressive regulation of this developing field is not negotiable, a month after the agency resolved accusations against key DeFi protocols. Behnam made a striking comparison during his talk at
Earlier today, security company SlowMist announced that the Mixin Network had been attacked. They discovered the flaw by digging into the platform’s cloud storage. The security group has said they are collaborating with Mixin to analyze the event and gauge its severity. Mixin confirmed the incident occurred on September 23
A significant expansion to its upcoming staking programme has been announced by the delegated liquid staking protocol stake.link. The introduction of a number of new features and improvements will support stake.link’s status as the leading Chainlink staking solution. The new features made public by stake.link are intended to benefit from
